Cyprus troops 'will be compensated'

British troops who face having their savings raided because of the European bailout of Cyprus will be compensated, the Government has said.
Around 3,000 military personnel and 250 civil servants will be protected should their savings be subject to the levy on bank accounts in Cyprus, the Treasury said.
As part of a ?9 billion bailout, European officials said people with less than 100,000 euro (?87,000) in their accounts will have to pay a one-time tax of 6.75% and those with more will lose 9.9%.
A spokeswoman for the Treasury said: "How much it will cost will be something that will be worked out over the next few days. It's obviously dependent on the number of service personnel who... read more

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Source: http://www.newsrt.co.uk/news/cyprus-troops-will-be-compensated-1514816.html

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